Lockheed Martin Takes Part in DDG 51 Shipbuilding Program

Lockheed Martin Mission Systems and Training, Moorestown, N.J., is being awarded a $574,538,664 firm-fixed-price, multi-year procurement contract for the production of the Aegis Weapon System MK 7 equipment sets in support of the DDG 51 Shipbuilding Program.

The company also won an option for Aegis Ashore Missile Defense System, Host Nation Poland, and engineering services.

This procurement includes economic order quantity, advance procurement funding for production related materials for the multi-year procurement ship sets.

Work will be performed in Moorestown, N.J. (85.5 percent); Clearwater, Fla. (13.1 percent); and Akron, Ohio (1.4 percent), and is expected to be completed by September 2021.

Fiscal 2013 shipbuilding and conversion, Navy funds in the amount of $308,360,317 will be obligated at the time of award. Contract funds will not expire at the end of the current fiscal year.

Lockheed Martin, December 30, 2013